[GVI Forex 2]

Seat belts fastened… Trump speech starts

[Belgrade Bobby]

DAX Extending Losses To 4th Straight Session

German stock market’s DAX lost ground Wednesday morning, extending their decline for a fourth straight session as concerns about a potential trade war continued to weigh on sentiment.

24.335 important technical level

[Belgrade Bobby]

US Stocks Pre Market Losers

[Belgrade Bobby]

US Stocks Pre Market Gainers

[Belgrade Bobby]

FX option expiries for 21 January 10am New York cut

USD/JPY at around the 158.00 and 158.50 levels. The pair continues to seem to be content to weave in and out around the 158.00 mark, that as traders continue to flirt with further upside potential while being wary of intervention risks from Tokyo.

[GVI Forex 2]

Newsquawk US Pre-Market Movers

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[GVI Forex 2]

Sell America Trade price action ahead of Trump speech

• US stocks dip into thew red (after firming overnight)
• GOLD remains uber firm’
• USD slips (but above yesterday’s lows)
• US bond yields remain elevated but down slightly on the day

[GVI Forex 2]

This does not suggest Trump will look to cool the Greenland rhetoric

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[GVI Forex 2]

Trump speech back on schedule  in about 2 hours

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[GVI Forex 2]

Forex Update: Firmer EURGBP weighing on GBPUSD while EURUSD lags

[GVI Forex 2]

Newsquawk Daily US Opening News

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[GVI Forex 2]

This does not sound like a U.S. attack on Iran is imminent

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[GVI Forex 2]

XAUUSD (GOLD) UPDATE

No reason to guess at a top in this one-way street so let’s keep it simple.

1. If 4800 becomes support, talk will be for a run at $5000
2. If $4800 fails to hold, then the upside risk will cool but not be negated..

Minor intra-day support 4832.

XAUUSD  1 HOUR CHART

[GVI Forex 2]

Forex Market Snapshot

An uneasy calm has returned to markets with the dollar trading mixed, up vs. the EUR. GBP, CHF and down slightly vs the JPY (note JGB yields dipped, easing pressure on the currency), AUD and NZD (flat vs the CAD).

US stocks have steadied and as of this writing are up just modestly.

GOLD, meanwhile, sliced through $4800 like Swiss cheese to another all-time high, suggesting the current tensions over Greenland are still simmering below the surface

This is why it feels like an uneasy calm as investors alike await President Trump’s keynote address today, which has been delated by 3 hours, at the Davos World Economic Forum

 

[Mtl JP]

GOLD at $4850,
5K inevitable now ?

[Mtl JP]

as one greek friend might say in exclamation “malaka”

(green is gold, orange is BTC)

 

[Mtl JP]

Name the issues, name the theme
at your will

GOLD: 4776 new high yet,
BTC: collapse back under 90K at around 88.5

Jap 10-yr 2.38% (near vertical line)

feel the earth move yet ?
Was ist los ?

[GVI Forex 2]

In our blog

The “Sell America Trade”: Why Global Investors Are Dumping U.S. Assets

 

[GVI Forex 2]

Gold extends all-time high on WSJ report

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[GVI Forex 2]

Newsquawk US Market Wrap 2

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[GVI Forex 2]

Newsquawk US Market Wrap 1

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[GVI Forex 2]

NAS100 (NASDAQ) UPDATE

• Hanging on by a thread with a pause above key 24643 support with a big void below it.
• Now needs to regain 25000+ and then move above 25288 to cool the risk on the downside.
• In any case 25000 is clearly pivotal and will help dictate the tone going forward.

NAS100 DAILY CHART

[GVI Forex 2]

US500 (SP500) UPDATE

• Break of 6800-20 is significant BUT ONLY if it becomes resistance as there is a void to 6715, the support level bulls do not want to see broken.
• On the upside, back above 6800-20 is needed to slow the risk, above 6870-=90 to negate it.
• As I said earlier, the uptrend has been shaken but investors with even short memories recall that sharp retracements, especially geopolitical or tariff related, have been followed by even stronger rebounds. The jury is out whether history will repeat so watch 6800 as a pivotal level that will dictate the tome going forward.

[GVI Forex 2]

XAUUSD (GOLD) UPDATE

Having established above 4650 XAUUSD is making the anticipated run towards 4800.

Why is 4800 important?

With no resistance on charts, 4800 is one of those pivotal/psychological levels that can act both as a target and obstacle.

Supports?

Much depends on the risk mood but in any case, should keep a bid while above 4690-00.

XAUUSD  4 HOUR CHART

[GVI Forex 2]

For signs a Sell Americas Trede is picking up steam:

1. XAUUSD would need to trade at 4800 and/or
2. EURUSD would need to trade at 1.18 and/or
3. US500 would need to trade firmly below 6800 and NAS solidly below 25K and/or (and maybe most important)
4. US 10 year yield would need to race through 4.30%

[Mtl JP]

Feel the Earth move yet ?
–
‘The old order is not coming back,’ Carney says in provocative speech at Davos – cbc

Prime Minister Mark Carney delivered a frank assessment of how he views the world in a provocative speech in Davos, Switzerland, on Tuesday, where he said the longstanding U.S.-led, rules-based international order is over and middle powers like Canada must pivot to avoiding falling prey to further “coercion” from powerful actors. …/..

[GVI Forex 2]

BTCUSD (BITCOIN) UPDATE

• Back to square one after failing to act as a safe haven.
• Now dependent on 90K holding to prevent a run at key 89155 support
• With BTCUSD often correlates with risk on/risk off, watch US equities to see if it continues..

BTCUSD DAILY CHART

[Mtl JP]

Compromise ?

[GVI Forex 2]

Does this image from the NY Post show a willingness to compromise?

[GVI Forex 2]

Trump no plans to  attend emergency G-7 meeting

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[Author]

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